Non-Interest Banking Will Not Create Religious Banking System –Dr Asiama
The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has assured the public that the introduction of non-interest banking will not create a religious banking system or give any faith preferential treatment in Ghana’s financial sector. He said the initiative was an inclusive and non-discriminatory commercial banking model intended to operate alongside conventional […] The post…
Dr Johnson Pandit Asiama, Governor of the Bank of Ghana, addressed concerns within the Christian community regarding the introduction of non-interest banking in Ghana's financial sector. In a meeting with the Ecumenical Community, Asiama clarified that non-interest banking would not create a religious banking system or give preferential treatment to any faith.
He emphasized that the initiative is an inclusive and non-discriminatory commercial banking model intended to operate alongside conventional banking, rather than replace it. The Bank of Ghana is not a regulator of religion and is establishing a regulatory and supervisory framework for licensed institutions to provide non-interest banking services, ensuring that these products are available to everyone, irrespective of religious affiliation.
Brief written by urgent.news from The Chronicle Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
